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Sources: With ample supply and increased competition, Russian Urals crude at Indian ports has narrowed its discount to Brent to under $7/bbl.

2026-07-01

Sources: With ample supply and increased competition, Russian Urals crude at Indian ports has narrowed its discount to Brent to under $7/bbl.

Other News
2026-07-01

Business Insider reported Microsoft (MSFT.O) plans to announce another round of layoffs to control costs, affecting thousands of positions across sales, consulting and the Xbox gaming unit. The cut is expected to be smaller than last year and below 2

Business Insider reported Microsoft (MSFT.O) plans to announce another round of layoffs to control costs, affecting thousands of positions across sales, consulting and the Xbox gaming unit. The cut is expected to be smaller than last year and below 2.5% of its roughly 220,000 workforce. The company may announce the move next week, though timing could change; some affected employees will be immediately offered new roles. Last year Microsoft cut about 6,000 jobs in May and a further 9,000 in July. The decisions come as Microsoft steps up AI investment while trimming expenses.
2026-06-30

The U.S. Energy Information Administration (EIA) reported that U.S. jet fuel supplies rose to 1.8 million barrels per day in April, the highest level since August 2025.

The U.S. Energy Information Administration (EIA) reported that U.S. jet fuel supplies rose to 1.8 million barrels per day in April, the highest level since August 2025.
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